What do ya do for a living?

[JackieFan]

...if some one could tell me where i can find out bout the income tax and all that malarky it would be great....

Try here

http://www.direct.gov.uk/en/index.htm

Come on over, there's just as little things to do here but there are more S12's.... the Guiness is Shite tho

[30psi]

.................

[JackieFan]

So if we all went to stay at Duncans house we'd have loads more money to spend on cars...... and the Guiness is better?

[Wagsie]

.... the Guinness is Shite tho

Not true anymore !


As all Guinness is now brewed only in Ireland and shipped over to us !

Forgot to add that its been that way for over a year now

[duncan]

thanks for the info lads. loads of room at my gaff. all welcome pity all the irish events are shit cos ye would be loaded with the exchange rate

[PukkaSilvia]

Originally Posted by 30psi

I know this jazz for my job...

First of all there is a personal allowance of £5,035.

After you earn after this amount you pay tax. If you are paid weekly/montly its divided by 12 or 52 etc.

After the personal allowance there is 2 types of tax; PAYE (income tax) and National Insurance (NI).

PAYE:

Up to £2,150 - 10%
£2,151 - £33,300 - 22%
£33,301+ - 40%

So if you earn £7,185, only £2,150 of it is taxed at 10%. If you earn £20,000, there is £2,150 taxed at 10% and then £12,815 at 22%. Therefore £20,000 would be deducted £3,034.30 PAYE.

NI:

Up to £33,540 - 10%
£33,451+ - 1%

Therefore for £20,000 NI of £1,496.50 is deductable.

On say a salary of £20,000, after deductions above, the net pay is £15,469.20 which is £1,289.10 per month.

shut up lol

[30psi]

Edit the post if you think its shit

[PukkaSilvia]

ok

[30psi]

Good to see moderation put to good use there

[PukkaSilvia]

cheers buddy.